Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the Projects, the construction of the Improvements or the equipping of the Projects is abandoned or work thereon ceases for a period of more than ten (10) days for any reason, or the Improvements are not completed for purposes of final payment to the General Contractors prior to the Completion Date, regardless of the reason for the delay.
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Samples: Construction Loan Agreement
Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the ProjectsProject, the construction of the Improvements or the equipping of the Projects Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason, or the Improvements are not completed for purposes of final payment to the General Contractors Contractor prior to the Completion Datecompletion date represented by Borrower to Lender, regardless of the reason for the delay.
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Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the ProjectsProject, the construction of the Improvements or the equipping of the Projects Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reasonreason other than unforeseeable weather condition or force majeure, or the Improvements are not completed for purposes of final payment to the General Contractors Contractor prior to the Completion DateMay 29, 2016, regardless of the reason for the delay.
Appears in 1 contract
Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.)
Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the ProjectsProject, the construction of the Improvements or the equipping of the Projects Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason, or the Improvements are not completed for purposes of final payment to the General Contractors Contractor prior to the Completion DateJune ___, 1999, regardless of the reason for the delay.
Appears in 1 contract
Samples: Construction Loan Agreement (Nevstar Gaming & Entertainment Corp)
Cessation of Construction. Prior to the completion of construction of the Improvements and equipping of the ProjectsProject, the construction of the Improvements or the equipping of the Projects Project is abandoned or work thereon ceases for a period of more than ten (10) days for any reason, or the Improvements are not completed for purposes of final payment to the General Contractors general contractor prior to the Completion Datecompletion date represented by Borrower to Lender, regardless of the reason for the delay.
Appears in 1 contract
Samples: Construction Loan Agreement (Timberline Software Corporation)